What is Williams Companies's northeast g & p — modified EBITDA?

Williams Companies (WMB) reported northeast g & p — modified EBITDA of $505M in Q3 2025.

What does northeast g & p — modified EBITDA mean?

Modified EBITDA for the Northeast Gathering and Processing segment represents the core operating profitability of the segment, excluding interest, taxes, depreciation, amortization, and certain non-cash or non-recurring items. It serves as the primary performance benchmark for the segment's ability to generate cash from its gathering and processing infrastructure. This metric is essential for evaluating the operational efficiency of the regional asset base.

Williams Companies (WMB) Northeast G & P — Modified EBITDA

Screener

Other segment segments

Reportable Segment, Aggregation before Other Operating Segment

$1.87B—

Transmission, Power & Gulf

$973M—

West

$342M+5.9%

Other Operating Segment

$93M—

Gas & NGL Marketing Services

$54M+391%

Similar metrics at other companies

SME&P Segment — G&A

$174M+346%

LYBO&P- Americas — EBITDA

$327M+30.3%

LYBO&P- EAI — EBITDA

-$35M-306%

CSWCNortheast — Cost

$579.9M+22.2%

MWANortheast — Revenue

$67.9M+4.7%

HOVNortheast — Revenue

$252.08M-2.0%

Other financials

Income statement

See full

Revenue$3.1B+9.8%

Operating income$1.1B+32.3%

Net income$827.0M+51.5%

EPS (diluted)$0.68+51.1%

Balance sheet

See full

Cash & equivalents$70.0M-90.8%

Total debt$26.6B+2.9%

Total equity$12.5B+0.7%

Total assets$55.7B+3.5%

Cash flow

See full

Operating cash flow$1.4B+15.8%

CapEx$954.0M+39.9%

Free cash flow$485.0M-13.5%

Valuation

See full

Market cap$87.49B+18.9%

P/E32.3×+13.1×

P/S7.4×+1.6×

Profitability

See full

Operating margin34.3%-0.2pp

Net margin20.6%-6.7pp

FCF margin16%-13.4pp

Returns & leverage

See full

Return on equity19%-4.7pp

Debt / equity2.1×+0.1×

Current ratio0.4×-0.1×

Where this comes from

Reported directly by Williams Companies in its filing.

Tagged under the XBRL concept wmb:ModifiedEBITDAEarningsLoss.

The source filing: Williams Companies’s 10-Q, filed November 3, 2025.

Filed: Nov 3, 2025
Fiscal quarter: Q4 FY2025
Calendar quarter: Q4 2025
Accession: 0000107263-25-000145

Three Months Ended September 30, 2025	Transmission, Power & Gulf / Three Months Ended September 30, 2025	Northeast G&P	West	Gas & NGL Marketing Services (1)	Total
Recoverable power, transportation, and storage costs (4)	(64)	(42)	(17)	—
Other segment income (expenses) - net (5)	37	(5)	(28)	—
Proportional Modified EBITDA of equity-method investments	37	161	36	16
Total Modified EBITDA of reportable segments	$973	$505	$342	$54	$1,874
Reconciliation of Modified EBITDA:
Contribution from upstream operations, corporate, and other business activities					93
Depreciation, depletion, and amortization expenses					(564)
Equity earnings (losses)					152

Item 1. Financial Statements

FAQ

What is Williams Companies's northeast g & p — modified EBITDA?: Williams Companies (WMB) reported northeast g & p — modified EBITDA of $505M in Q3 2025.
What does northeast g & p — modified EBITDA mean?: Modified EBITDA for the Northeast Gathering and Processing segment represents the core operating profitability of the segment, excluding interest, taxes, depreciation, amortization, and certain non-cash or non-recurring items. It serves as the primary performance benchmark for the segment's ability to generate cash from its gathering and processing infrastructure. This metric is essential for evaluating the operational efficiency of the regional asset base.